Gomez reached billionaire status in early September, when she was ranked on the Bloomberg Billionaires Index for the very first time. Bloomberg reported her current net worth as $1.3 billion and cited her many lucrative ventures as an “actress, singer and entrepreneur” for helping her reach the impressive milestone.

Selena Gomez reacted to reports that she is now a billionaire. Earlier in September, the Bloomberg Billionaires Index reported that Selena is currently worth $1.3 billion now — largely due to her majority stake in her Rare Beauty brand,

Selena Gomez has opened up about her recent change in fortune as she became a self-made billionaire. The 32-year-old singer and actress owes her immense wealth largely to her successful Rare Beauty make-up company.